GRIOT vs MemeCore

MemeCore (M) is 2715.3× the size of GRIOT (GRIOT) by market capitalisation. Over the past 30 days, GRIOT is ahead by 8.1 percentage points (GRIOT -19.2% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.25 across 24 shared trading days). GRIOT has been the more volatile of the two, at 163% annualised against M's 108%.

Correlation: -0.25
Size ratio: 1 : 2715.3
Ahead over 30 days: GRIOT

GRIOTGRIOT

$0.000836

24h: +4.67%
Market cap: $704,366
Volume 24h: $531
Volatility (ann.): 163%

MemeCoreM

$0.833652

24h: -3.29%
Market cap: $1.91B
Volume 24h: $1.95M
Volatility (ann.): 108%

GRIOT 0.0%Share of the two combined market caps100.0% M

Performance

GRIOTM

7 days-6.09%-19.79%GRIOT
30 days-19.16%-27.25%GRIOT

Correlation

-0.25over 24 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	GRIOT	M
Max drawdown (400d)	-41.6%	-41.1%
Risk-adjusted return (90d)	-0.19	-0.25

Relative strength over 90 days: M outperformed GRIOT by 9.7% — measured on the GRIOT/M ratio, so it holds regardless of market direction.

GRIOT →MemeCore →